Multiple Choice
Below,the graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry.The graph on the right shows current industry demand and supply. 
If the firm's demand and marginal revenue curves were drawn in the left-hand graph,what would be the elasticity of demand?
A) zero
B) -6
C) -0.6
D) infinitely elastic
E) unitary
Correct Answer:
Verified
Correct Answer:
Verified
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